London Sustainable Industries Park will take the lead in enabling occupants to use waste materials from one company to provide power or raw materials for another, providing cost savings, minimising on-site waste and encouraging innovation.
By creating the UK’s largest concentration of sustainable industries and environmental technologies, the London Sustainable Industries Park will help transform the east of London into a vibrant hub leading British industry into the future. LTGDC has already invested £19 million and has committed a further £27.5 million to the Sustainable Industries Park. We aim to create a development model which others will follow, establishing a benchmark for environmental technology business parks in the UK and beyond.
Case study: Closed Loop Recycling Ltd
Closed Loop opened for business at the London Sustainable Industries Park in June 2008.
The company, which originated in Australia, is the first in the world to use the latest available recycling technologies, recycling 35,000 tonnes of used plastic bottles a year into new, food grade PET and HDPE.
Closed Loop has received support from the London Development Agency, WRAP and the London Recycling Fund. The £12 million project has already created over 60 new employment opportunities.
Such is Closed Loop’s success, it already has plans for further expansion on the park and has built strong ties with major retailers and food producers including Coca-Cola and Marks & Spencer, as well as waste collection provider Veolia Environmental Services which supplies the plant with 20% of the UK’s recyclable bottles.